The new pipeline to connect Caspian Sea to Persian Gulf

"The project of the Dzhask pipeline has been designed. Since the productive capacity in the Caspian Sea and Persian Gulf will increase," Dzhashnsaz said.

"The length of the pipeline is 1,550 km. A total of $3.5 billion will be invested into the project. Project's executive is the Iranian National Oil Company," Dzhashnsaz said.

According to him, Dzhask oil terminal will be built on the territory of 18,000 hectares.

"Draft terminal and experts' reviews were discussed at the beginning of the year. The project will be implemented within five years" he said.

Terminal of the Dzhask pipeline is located in the Iranian province of Hormuzgan.

/Trend Capital/